Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Secured Creditors.
Appears in 4 contracts
Samples: Loan and Security Agreement (Tultex Corp), Tultex Corp, Tultex Corp
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors relevant Borrower will immediately thereafter promptly upon request of the Administrative Agent deliver such instrument to the Administrative Agent, appropriately endorsed to the Agent, for the benefit of the Secured Creditors.
Appears in 2 contracts
Samples: Loan and Security Agreement (Winston Furniture Co of Alabama Inc), Loan and Security Agreement (Winsloew Furniture Inc)
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors will immediately thereafter Borrowers will, promptly upon request by the Administrative Agent, deliver such instrument to the Administrative Agent, appropriately endorsed to the Administrative Agent, for the benefit of the Secured CreditorsLenders.
Appears in 2 contracts
Samples: Loan and Security Agreement (Heafner Tire Group Inc), Loan and Security Agreement (American Tire Distributors Inc)
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors Borrower will immediately thereafter deliver such instrument to the Collateral Agent, appropriately endorsed to the Collateral Agent, for the benefit of the Secured Creditors.
Appears in 1 contract
Samples: Loan and Security Agreement (Ithaca Industries Inc)
Delivery of Instruments. In After the occurrence of an Event of Default and during the continuance thereof, in the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, Agent for the benefit of the Secured CreditorsLenders.
Appears in 1 contract
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors Borrowers will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Secured CreditorsLenders.
Appears in 1 contract
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Secured Creditors.
Appears in 1 contract
Samples: Loan and Security Agreement (Ithaca Industries Inc)
Delivery of Instruments. In the event any Receivable is at any time becomes evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit Agent on behalf of the Secured CreditorsLenders.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Synthetic Industries Inc)
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Secured CreditorsCredit Parties.
Appears in 1 contract
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Obligors will immediately thereafter Borrowers will, promptly upon request by the Agent, deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Secured CreditorsLenders.
Appears in 1 contract
